For Benihana, how many stock options, warrants, and restricted share units were determined to be anti-dilutive and excluded from the calculation of diluted earnings per share for the year ended December 31, 2020?

According to Benihana's 2024 Franchise Disclosure Document, for the year ending December 31, 2020, approximately 1.4 million stock options, warrants, and restricted share units were considered anti-dilutive. As a result, these were excluded when calculating the diluted earnings per share.

For a potential Benihana franchisee, this detail provides insight into the company's stock structure and how it manages its earnings per share calculations. Anti-dilutive securities are those that would increase earnings per share if they were exercised or converted. Because their inclusion would present a misleadingly positive picture, accounting standards require they be excluded from the diluted EPS calculation.

This exclusion suggests that Benihana had a significant number of these securities outstanding during that period. Reviewing such figures helps potential franchisees understand the financial decisions and factors influencing the company's profitability metrics. Understanding the factors that influence earnings per share can help a franchisee assess the financial stability and potential growth of Benihana.